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Thread: Investing in Precious Metals
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27 August 2019, 09:32 #106
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4 September 2019, 04:11 #107
$19.93 an ounce. Will it hit $20 soon, or $25 or is that a pipe dream?
NRA Life Member
Basket full of Deplorables Life Member
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4 September 2019, 10:43 #108
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14 September 2019, 06:06 #109
Back down to mid $17... right now I think I plan to buy between 20oz and a kg a month until it hits $20... if it ever does.
Russia and China stocking up on Gold to move away from the dollar: https://www.foxbusiness.com/markets/...ng-on-the-wall
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23 September 2019, 07:59 #110
A little bit of a correction the last few weeks, its healthy. $18.67- $1525.00 this morning, little bit of a bump up. Their manipulation is coming to an end with arrests and indictments at JP Morgan.
https://thedailycoin.org/2019/09/18/...ecious-metals/
https://www.cnbc.com/2018/11/12/ex-j...tion-suit.html
It surprises me that the MSM like CNBC is actually reporting on this. Got a strong feeling their 30 year precious metal manipulation will end soon and the prices will rise to find equilibrium. Its hard to know how high it will go. In 2011 they lost control for a while and it shot up to $50 an Ozt. By all rights it should have kept going except JPM took over control of the spoofing and forced it back down. This coupled with year over year mining shortages and a few other key ingredients may lead to substantially higher prices in silver and gold before the dust settles. Also just learned that the US mint and the RCM is allocatng their coins (ASE's & Maple leafs) supply to distributors. This only happens when they are low on supply... HmmmmmThe best way to survive a violent encounter is to be the one inflicting the most violence.
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28 February 2020, 09:03 #111
As the stock market crash's it will drag silver and gold down with it initially but then it will diverge and PM's will rise. If you were wanting to top off your stacks its $16.80 today its a good time to do it...
The best way to survive a violent encounter is to be the one inflicting the most violence.
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28 February 2020, 09:20 #112
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28 February 2020, 11:18 #113
Its 5 years over due, the writing has been on the wall for quite some time. With non stop stock buybacks by companys and artifcial money injections from the fed its been a house of cards waiting to fall. I am also watching the under lying bond market which may implode as well. If anyone has a 401K, retirement or investment tied to the stock market I would highly suggest moving it to a safe haven until this thing bottoms out. The global bond market is somewhere around 250 trillion and is a bubble just waiting to be popped.
The best way to survive a violent encounter is to be the one inflicting the most violence.
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28 February 2020, 12:03 #114
I plan to keep buying more stocks and funds at lower prices. I’m going to keep diversifying as well, but I’m not worried. I still have 12-13 more years to go.
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28 February 2020, 13:35 #115
A healthy correction will be somewhere around a 50-60% drop. Might be another week of carnage. The longer TPTB artificially inflate it the worse it will be. Take a look at mining stocks to, once PM's diverge they will rise as well. Right now they are being dragged down, I am gonna wait for the bottom. FM, MAG, and AXU are the ones I am watching. I really like First Majestic silver. If silver goes on an epic bull run I will ride out the mining stocks then sell at the top.
https://www.otcmarkets.com/stock/AG/overview
https://www.otcmarkets.com/stock/MAG/overview
https://www.otcmarkets.com/stock/AXU/overviewLast edited by Stone; 28 February 2020 at 13:42.
The best way to survive a violent encounter is to be the one inflicting the most violence.
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13 March 2020, 14:38 #116
Silver dips under $15/ounce.
If you can't decide which stocks to rebuy, good time to buy some Silver!
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16 March 2020, 10:13 #117
The online dealers are out of silver bars, its carnage... Its going to get worse when they realize their distributors cant source anything for them since above ground supplys are all but depleted. GSR is at 114:1 and thats one for the history books... Bubbles everywhere are popping, the fed dropped 4 trillion into the markets on friday and it barely flinched. Theres alot more going on here than the latest virus. They have created a debt monster that is imploding and will affect every aspect of life. At this point its not a bad idea to prep for worst case scenario and stay frosty. Most folks are still in the denial stage and wont face the reality.
Last edited by Stone; 16 March 2020 at 10:20.
The best way to survive a violent encounter is to be the one inflicting the most violence.
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16 March 2020, 11:11 #118
Under $14/ounce.... Crazy.
Yup... you're right, there's gonna be a lot of denial for awhile. I'm still shocked people are finally like... should I get a gun? Sure... but there aint no ammo! Time to melt down the silver for bullets.
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16 March 2020, 11:41 #119
Alright. Where do I buy?
-One Nation, Under God
-"The bad news is time flies. The good news is you're the pilot." ~ Michael Althsuler
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16 March 2020, 13:21 #120